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US Corps Want $1B From Gov't For Battery Factory

Posted by timothy on from the when-you-really-truly-need-some-free-tax-money dept.

tristanreid writes "The Wall Street Journal reports that a consortium of 14 US technology companies will ask the Federal Government for up to $1 billion for a plant to make advanced battery technology, as a part of the broad fiscal stimulus package that Pres. Elect Obama is planning. The story quotes a report by Ralph Brodd, which suggests that while existing battery technology was developed in the US, the lead in development is now held in Asia. From the WSJ story: 'More than four dozen advanced battery factories are being built in China but none, currently, in the US.'"

5 of 394 comments (clear)

  1. I can't support this use of tax dollars by Wonko+the+Sane · · Score: 3, Funny

    Unless, of course, they develop Mr Fusion

    1. Re:I can't support this use of tax dollars by DarthJohn · · Score: 4, Funny

      What sort of "nasty substances" do you think are "involved" in, say, lithium iron phosphate cells?

      um... lithium for one?

  2. Re:If the advanced technology comes from China... by Anonymous Coward · · Score: 2, Funny

    Congress has already fixed that problem, we were too rich.

  3. The 2009 Stimulus Package by JBG667 · · Score: 4, Funny

    ... batteries not included

    --
    There are 10 kinds of people in the world > > Those who understand binary and those who don't
  4. Re:Environment? by Amazing+Quantum+Man · · Score: 3, Funny

    Which is bigger... a metric assload or an imperial assload?

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    Fascism starts when the efficiency of the government becomes more important than the rights of the people.